Examples of Objection Notice in a sentence
Any Contingent Payment Calculation Objection Notice shall specify the items in the applicable Contingent Payment Calculation disputed by the Stockholders’ Representative and shall describe in reasonable detail the basis for such objection, as well as the amount in dispute.
If an Objection Notice is delivered to the Preparing Party within such 30 day period, then the Purchaser and the Seller shall negotiate in good faith to resolve their disagreements with respect to the computation of the Closing Cash Amount.
If Parent and the Stockholders’ Representative are unable to reach agreement within 30 days after such Contingent Payment Calculation Objection Notice has been given (and do not choose to mutually agree in writing to extend such period of negotiations), all unresolved disputed items shall be referred to the Independent Auditor for resolution consistent with the procedures set forth in Section 3.3(c), mutatis mutandis.
If the Stockholders’ Representative fails to deliver a Contingent Payment Calculation Objection Notice to Parent prior to the expiration of the Review Period, then the Contingent Payment Calculation set forth in the Contingent Payment Calculation Statement shall be final and binding on the Parties.
If the Stockholders’ Representative timely delivers a Contingent Payment Calculation Objection Notice, Parent and the Stockholders’ Representative shall negotiate in good faith to resolve the disputed items and agree upon the resulting amount of the Adjusted EBITDA and the Performance Amount for the applicable Calculation Period.